Maf Foundation FY2021 filing

Nampa, ID · Religious organization · Religion

✓ Tax-deductible Latest data FY2021
Revenue
$480K
▲ +295% vs prior year
Spent
$95K
To programs
78%
Net assets
$4.4M
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Donor Advised Charitable Giving INC
$38K in the latest grant year.
Spent on programs?
78% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +295% vs prior year
Legal name (IRS)Hdr · item CMaf Foundation
EINHdr · item D33-0199821
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 1988
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNampa, ID
NTEE classificationIRS BMFReligion (X20)
WebsiteHdr · item Jwww.maf.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$74K
Management & general22%$20K
Total functional expensesLn 25$95K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$480K
FY2021▲ +295%
Expenses
$95K
FY2021▼ -92%
Program efficiency
78%
of spending reaches programs
Operating runway
148.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+80%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$8.6M
FY2021▼ -0.6%
Total liabilities
$4.2M
FY2021▼ -5%
Revenue less expensesPt I · Ln 19$386K
Total assetsPt X · Ln 16$8.6M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$8.6M
Total liabilitiesLn 26$4.2M
Total net assetsLn 32$4.4M

Statement of Revenue

Part VIII
Investment income$404K · 84%
Contributions & grants$77K · 16%
Investment income84%$404K
Contributions & grants16%$77K
Other revenue$100
Total revenueLn 12$480K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $95K
148.9 months
Where the money goes
Program services
Program services $74K · Total expenses $95K
78%
Management & General
Management & general $20K · Total expenses $95K
22%
Fundraising
Fundraising $0 · Total expenses $95K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $354K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $77K · Total revenue $480K
16%
Government reliance
Government grants — · Total revenue $480K
—
Earned-income share
Program service revenue $0 · Total revenue $480K
0%
Investment reliance
Investment income $404K · Total revenue $480K
+84%
Program self-sufficiency
Program service revenue $0 · Total expenses $95K
0%
Growth & trend
Revenue growth (YoY)
This year $480K · Prior year $-246K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $4.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $480K · Expenses $95K
+80%
Liabilities-to-Assets
Total liabilities — · Total assets $8.6M
—
Net-asset ratio
Net assets $4.4M · Total assets $8.6M
51%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8.6M
14%
People & payroll
Highest Reported Total Compensation
Individual David Holsten · Reported title President & CEO · Highest reported compensation $0 · Total expenses $95K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $95K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 22%——
Fundraising cost ratio 0%——
Revenue growth 295%——
Investment management fee ratio 0.04%——
Accounting fee ratio 18%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Chief Advancement Officer
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Maf Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Educates the public about Mission Aviation Fellowship's global humanitarian work.

Provided by the organization

This section is blank until Maf Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $74K of program spending, described in the organization's own filed words · FY2021.
01

MAF Foundation serves as a fundraising entity to support the ministry of Mission Aviation Fellowship, which reaches the world's most isolated people with the love of Jesus Christ to bring help, hope, and healing through aviation, in its efforts to search for new disciples, support the existing expression of the Christian church and…

$74Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$38K
Grants paid · 6 grants · $981K · 2021–2024
Unitemized GrantFY2024$100,000
Mission Aviation FellowshipID · FY2024$54,692
Mission Aviation FellowshipID · FY2023$584,774
Unitemized GrantFY2023$87,500
Unitemized GrantFY2022$80,000
Unitemized GrantFY2021$74,125

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $190K$183K+18% 990 PDF
FY2023 $162K$699K-85% 990 PDF
FY2022 $1.1M$105K+132% 990 PDF
FY2021 Viewing $480K$95K+295% 990 PDF
FY2020 $-246K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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